Rhodes NSW offers both apartments for sale and for rent in a waterfront, transit-oriented setting on the Parramatta River. To buy, 2026 entry pricing runs from approximately $770,000 (1-bed) to $1.52M+ (3-bed). To rent, typical asking rents run $620 to $720 per week (1-bed), $780 to $950 (2-bed) and $1,050 to $1,350 (3-bed), with rental vacancy under 2 percent.
8 min read | Rhodes Property Advice | Last reviewed June 2026
Rhodes works for both buyers and renters: a waterfront, transit-oriented Sydney suburb with apartments across every configuration. This guide covers 2026 sale pricing and rental ranges side by side, the transit and school fundamentals, the lifestyle amenity, and a clear framework for deciding whether to buy or rent.
Rhodes: why both buyers and renters choose it
Rhodes sits on the Parramatta River about 14 kilometres west of the Sydney CBD, in the City of Canada Bay LGA. It combines waterfront amenity with genuine transit-oriented access (heavy rail plus ferry), strong school catchments, and a tight apartment market. That mix makes it equally attractive to owner-occupiers, investors and renters.
For buyers, the draw is capital growth supported by tight supply and transit access. For renters, the draw is lifestyle and connectivity at a rent level that, by Sydney standards, sits reasonably against the cost of ownership.
2026 sale pricing
| Configuration | Typical 2026 entry price |
|---|---|
| 1-bedroom + parking | From approximately $770,000 |
| 2-bedroom + parking | $1,050,000 to $1,250,000 |
| 3-bedroom + 2 parking | From approximately $1,520,000 |
| Sub-penthouse / penthouse | From $2,200,000 |
New-build stock sits at the upper end of these bands; established stock can sit below depending on building age, aspect and finishes. First home buyers may access stamp duty concessions on eligible new stock under the NSW First Home Buyer Assistance Scheme.
2026 rental ranges
| Configuration | Typical weekly asking rent | Indicative gross yield |
|---|---|---|
| 1-bedroom | $620 to $720 | 4.2 to 4.5 percent |
| 2-bedroom | $780 to $950 | 3.9 to 4.2 percent |
| 3-bedroom | $1,050 to $1,350 | 3.6 to 3.9 percent |
Rhodes rental vacancy has sat below 2 percent through 2024 to 2026 (CoreLogic, 2026). For tenants this means a competitive market where well-presented applications matter; for investors it means strong, stable rental demand underpinned by transit access and Macquarie Park employment.
Buy or rent: a decision framework
The buy-versus-rent decision in Rhodes comes down to three variables:
- Time horizon. Buying generally makes sense over a 7+ year hold, where capital growth and transaction-cost amortisation favour ownership. Shorter horizons favour renting.
- Capital position. Buying requires the deposit (typically 10 to 20 percent) plus stamp duty and costs. Renters preserve that capital for other uses or to keep building a deposit.
- Flexibility need. Renting offers location and lifestyle flexibility; buying offers housing-cost stability and control over the dwelling.
Rhodes gross yields of 3.8 to 4.5 percent indicate a relatively balanced rent-versus-buy equation by Sydney standards, neither strongly favouring renting (as in very low-yield prestige suburbs) nor strongly favouring buying.
Transit and school fundamentals
The fundamentals that support both sale values and rental demand:
- Rail: Rhodes Station on the T9 Northern Line, direct to Sydney CBD (~22 min) and Strathfield interchange
- Ferry: Parramatta River services from Rhodes Wharf
- Schools: Concord West Public School (K-6) and Concord High School (7-12), both with strong ICSEA ratings
- Employment access: Macquarie Park, Parramatta CBD and Sydney CBD all within reasonable commute
Lifestyle and amenity
Rhodes lifestyle amenity includes:
- Parramatta River foreshore walks and parks
- Rhodes Waterside shopping centre
- The Rhodes Recreation Centre
- Waterfront dining and cafes
- Easy access to Sydney Olympic Park and Bicentennial Park
- Ongoing public amenity from the Rhodes Bay Masterplan
Frequently asked questions
Indicative 2026 new-stock pricing: one-bedroom from approximately $770,000, two-bedroom from $1,050,000 to $1,250,000, three-bedroom from $1,520,000. Premium waterfront sub-penthouses range from $2.2 million upward. Established stock can sit below these new-build bands.
Typical 2026 asking rents: one-bedroom $620 to $720 per week, two-bedroom $780 to $950, three-bedroom $1,050 to $1,350. Waterfront and premium stock sits at the upper end. Rental vacancy has been below 2 percent through 2024 to 2026 (CoreLogic, 2026).
It depends on time horizon and financial position. Buying suits those planning to hold 7+ years who can fund the deposit and stamp duty. Renting suits shorter horizons or those building a deposit. Rhodes gross yields of 3.8 to 4.5 percent indicate a relatively balanced rent-versus-buy equation by Sydney standards.
Rhodes Station on the T9 Northern Line provides direct rail to Sydney CBD (approximately 22 minutes) and Strathfield interchange. Parramatta River ferry services run from Rhodes Wharf. Buses serve Concord Road and Homebush Bay Drive.
The catchment public schools are Concord West Public School (K to 6) and Concord High School (7 to 12), both with ICSEA ratings consistently above 1,100. Private options within drive time include Trinity Grammar Strathfield, MLC School Burwood and PLC Sydney Croydon.
Rhodes offers Parramatta River foreshore walks and parks, the Rhodes Waterside shopping centre, the Rhodes Recreation Centre, waterfront dining, and easy access to Sydney Olympic Park and Bicentennial Park. The Rhodes Bay Masterplan continues to add public amenity to the waterfront precinct.
For new Billbergia stock in Rhodes Central and the Rhodes Bay Masterplan, register interest at billbergia.com.au for first-look sale releases. For established sale and rental stock, the major portals (realestate.com.au, Domain, allhomes.com.au) carry current Rhodes listings.
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Rhodes apartments by Billbergia
Register your interest to receive first-look access to new sale releases in Rhodes Central and the Rhodes Bay Masterplan.
Information current as of June 2026. Sources: CoreLogic, Revenue NSW, NSW Department of Education, City of Canada Bay and Billbergia project documentation. Pricing and rental ranges are indicative and subject to change. General market commentary, not financial or property advice.
